Firm capital mortgage investment corporation announces $20 million bought deal offering

/base shelf prospectus is accessible, and prospectus supplement will be accessible on sedar+ within two business days/ /not for distribution to u.s. news wire services or dissemination in the united states/ toronto, july 31, 2024 (globe newswire) -- firm capital mortgage investment corporation (the “corporation”) (tsx: fc) is pleased to announce that the corporation has entered into an agreement to sell, on a bought deal basis, to a syndicate of underwriters bookrun by td securities inc. and cibc capital markets, 1,770,000 common shares of the corporation (the “shares”) at a price of $11.30 per share (the “issue price”) for gross proceeds of $20,001,000 (the “offering”). the corporation has also granted the underwriters an over-allotment option to purchase up to 265,500 shares at the issue price exercisable, in whole or in part, at any time until 30 days following the closing of the offering.
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